Suzuki lowers forecasts on India, Europe woes

Newswire

TOKYO, Oct 31 (Reuters) - Japan's Suzuki Motor Corp issued its first-ever profit warning on Friday, predicting a 33 percent drop in operating profit this business year as the worst financial crisis in 80 years pulls down even the healthiest automakers. Suzuki, a maker of compact cars with about half of India's market, now expects to make an operating profit of 100 billion yen ($1.02 billion) instead of 140 billion yen, and net profit of 60 billion yen instead of 80 billion yen for the year ...

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